Two years after acquiring a non-controlling stake of 13% in Eco Hotels and Resorts, online travel aggregator (OTA) EaseMyTrip (EMT) is topping up its investment by acquiring an additional 7.77% stake in the company.

In an exchange filing, EMT said that it has submitted an application to subscribe to 10 Lakh equity shares under Eco Hotels and Resorts’ rights issue for INR 15.2 apiece, aggregating to INR 1.5 Cr (about $170.1K).

With this additional acquisition, EMT’s stake in the hotel and resorts company will increase to 20.77%.

The OTA major, while acquiring a 13% stake in Eco Hotels and Resorts in 2023, said that the objective for making the investment was to promote environmentally-friendly practices within the hospitality sector.

Eco Hotels and Resorts Limited is a BSE listed company promoted by Eco Hotels UK PLC. It claims to operate carbon net zero hotels in the country.

It operates properties such as The Eco Satva in Kota, EcoValue in Kochi and EcoXpress Satva in Nagpur. It also has upcoming properties in Vadodara, Aurangabad, Bengaluru, among others.

Eco Hotels and Resorts posted a consolidated revenue of INR 28.7 Lakh in Q1 FY26, up multifold from INR 2.8 Lakh in the year-ago quarter. However, net loss for the quarter increased 30% to INR 1.3 Cr from INR 1 Cr in Q1 FY25.

This comes at a time when EMT has been on an acquisition spree to enter new verticals. From EV manufacturing to charter aviation, the company has forayed into multiple new sectors over the past couple of years.

However, the company’s shares have been under pressureas investors seem to be wary of the diversification move. Besides, weak financial performance, reduction in stakes of the promoters, and top-level changes have also impacted the stock.

After the resignation of Nishant Pitti from CEO’s position in January, his brother Prashant Pitti resigned as the MD of EaseMyTrip last month. Following this, the company’s board approved the appointment of Nishant as chairman-cum-MD, with effect from August 29.

On the financial front, the company’s net profit plunged about 99% to INR 44.3 Lakh in Q1 FY26 from INR 33.9 Cr in the year-ago quarter. Operating revenue tumbled over 25% to INR 113.8 Cr during the quarter under review from INR 152.6 Cr in Q1 FY25.

Shares of EMT were trading 0.91% lower at INR 8.7 apiece on the BSE at 12:35. The stock is down about 45% year to date.

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